The global dietary supplements market is estimated to Propelled by Growing Focus on Preventive Healthcare

 

Dietary supplements are nutritional products taken orally that contain vitamins, minerals, herbs, amino acids, or other botanicals intended to supplement one's diet. Growing awareness about maintaining good health and preventing lifestyle-induced diseases has boosted the demand for dietary supplements. Increasing discretionary spending on health and wellness products has also contributed to the market growth.

The global Dietary Supplements Market is estimated to be valued at US$ 203.43 billion in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Rising health consciousness has been one of the major trends fueling the growth of the dietary supplements market. There is a growing inclination among consumers towards preventive healthcare and maintaining well-being. This has increased the adoption of dietary supplements for acquiring supplementary nutrients and meeting nutritional deficiencies. Consumers routinely consume supplements for health maintenance and reducing the risk of chronic diseases. The easy accessibility and marketing of supplements has further propagated their use. The trend is expected to continue in the foreseeable future as focus on fitness and preventive healthcare intensifies globally.

Segment Analysis

The global dietary supplements market is broadly segmented into vitamins, minerals, probiotics, omega fatty acids, proteins & amino acids, and other dietary supplements. The vitamins segment dominates the market and is expected to witness high growth during the forecast period. This is attributed to the growing health consciousness among consumers and increasing awareness related to vitamin deficiencies. Also, factors such as busy lifestyles, changing food patterns, and rising healthcare costs have propelled vitamin supplements demand over the past few years.

Key Takeaways

The global dietary supplements market is expected to witness high growth during the forecast period. The global Dietary Supplements Market is estimated to be valued at US$ 203.43 billion in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024-2031.

Regional analysis comprises Regional analysis related content- North America is currently the largest as well as the fastest-growing regional market. This is attributed to factors such as the rising prevalence of chronic diseases, growing elderly population, and rapid adoption of supplementary diets for preventive healthcare in the region.

Key players related content comprises Key players related content - Key players operating in the dietary supplements market are Abbott Laboratories, Amway (Nutrilite), DuPont, NBTY Inc., Royal DSM N.V., Glanbia Plc., Bayer AG, GlaxoSmithKline PLC., Herbalife International, and BASF SE. Abbott Laboratories is one of the leading players with wide offerings of vitamins, minerals, and supplements products globally.

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